AAA Recommends Preparing Homeowners Insurance for Active Hurricane Season

hurricane seasonAAA is strongly encouraging homeowners living along the eastern seaboard and on the Gulf coast to take a good look at their homeowners insurance and flood insurance policies. Federal forecasters are predicting an active hurricane season, which could result in home damage too expense to afford out of pocket.

Hurricane Season Kicks Off with Tropical Storm Andrea

It was only a few weeks ago that federal forecasters predicted a very active hurricane season in 2013. And true to their predictions, the eastern seaboard was hit with Tropical Storm Andrea last week.

The storm dropped more than 13 inches of rain in Miami, Fla. and brought with it an estimated 10 tornadoes, all of which impacted Florida. Interestingly enough, Tropical Storm Andrea was deemed a weaker storm with gusts ranging from 40-60 mph.

The National Oceanic and Atmospheric Administration (NOAA) has already predicted that this year’s hurricane season — defined as the six-month period following June 1 — was expected to spawn between 13 and 20 named storms, including three to six “major” category 3, 4 or 5 hurricanes.

It’s for this reason that AAA recommends homeowners living in high-risk areas begin preparing for the worst now.

Prepare Flood and Homeowners Insurance Policies for Hurricanes

One key step in hurricane preparedness is ensuring your homeowners insurance policy is in order and that you have acquired a flood insurance policy.

Homeowners Insurance

It’s important to ensure you carry enough homeowners insurance to pay for damage to your property and belongings, if they are destroyed. This includes the cost to demolish and remove damaged property, and then rebuild your home and pay for landscaping, which can increase coverage by 30 percent.

If you’ve made major upgrades in recent years, be sure coverage will pay for them. Also, consider including the cost of hurricane-proofing your home.

Flood Insurance

Many people don’t realize that flood and water damage is typically not covered in a standard homeowners insurance policy. It’s for this reason that homeowners in high-risk areas need to purchase flood insurance.

Flood insurance is funded by the National Flood Insurance Program (NFIP) and is offered by private homeowners insurance companies.

Keep in mind that it normally takes about 30 days for flood insurance to take effect after its initial purchase. So if you don’t have yours yet, now is the time to contact your insurer to learn how to acquire coverage.

Homeowners often take for granted the impact hurricane season can have on their homes — not just along the shorelines, but inland as well. If you know that you could be in the line of hurricanes or tropical storms this year, now is the time to get your insurance policies in order.